TSX:SGR.UN - Post by User
Post by
shortUSA2on May 22, 2008 1:54am
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Post# 15097529
What's the problem here?
What's the problem here? Those intercepts are off the charts. Some of them look like silver grades and yet the stock does basically nothing. A couple things must be bothering the market. One is that they have haven't demonstrated that they know how to mine this ore and the second is that they may require some significant financing to upgrade this operation to where they are mining ore at a rate that will make it self sustaining. Just guesses, but there's got to be something missing in this story here. Every new report of drill results has this property looking more and more Goldcorp-esque, especially today's, but nothing happens to the share price. Bottom line appears to be that the market needs to be convinced that this mine can actually pull these high grades out at a profit. Still, the reaction to today's news seems incongruent.